Israeli New Shekel Symbol: ₪ | Code: ILS
1. The currency of Israel is abbreviated as ILS, and its official currency is the Israeli New Shekel.
2. ILS is the currency of Israel since 1986, replacing the hyper-inflated original shekel at a ratio of 1000:1.
3. After Israel's formation again in 1948, Israel used Palestinian Pound as its currency which was replaced by the Israeli Pound in 1952.
4. Both Palestinian Pound and Israeli Pound were pegged to the British Pound or GBP, but due to high demand of the common people wanting a currency with a Hebrew name, the latter ended its relationship with the British sterling in 1954.
5. After the financial crisis in Israel, the government introduced new shekels in 1986 along with free-market reforms.
6. Since the inception of this new ILS, it has been one of the most stable global currencies.
7. The ILS are available in denominations of ₪20, ₪50, ₪100, ₪200.
8. The Bank of Israel manages all currencies in Israel.
Israeli Shekel (ILS)
Exchange RateWhat is the interbank exchange rate for the Israeli Shekel ?
1 GBP = 4.043870 ILS
Last update date : 05-10-2026 01:43:41
Last updated on 05-10-2026 01:43:41
The below table shows the exchange rate and inverse exchange rate
Last updated on 05-10-2026 01:43:41
Currency |
Exchange Rate |
Inverse Rate |
|---|---|---|
We are pleased to announce that, starting from 16-Sep-2024, our international payments service for corporate clients will be managed by our sister company, Sterling FX. The Currency Club platform will now focus more on private clients, while Sterling FX will continue to cater to institutional business needs.
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The services we have provided to you thus far will continue to be offered by Sterling FX. The only differences will be slight changes to the interface, such as the website, logo, and color scheme.
We are excited to continue doing business with you and greatly appreciate your ongoing partnership.
As always should you have any questions, please feel free to get in touch on +44(0) 207 723 7000.
We are pleased to announce that, starting from 16-Sep-2024, our international payments service for corporate clients will be managed by our sister company, Sterling FX. The Currency Club platform will now focus more on private clients, while Sterling FX will continue to cater to institutional business needs.
Please note that, aside from being redirected to the Sterling FX website, the following will remain unchanged:
You can continue to log in using your existing credentials.
You will continue to work with the same points of contact. All our team members are being retained in their current roles.
The agreed fixed margins on your account will remain the same.
The services we have provided to you thus far will continue to be offered by Sterling FX. The only differences will be slight changes to the interface, such as the website, logo, and color scheme.
We are excited to continue doing business with you and greatly appreciate your ongoing partnership.
As always should you have any questions, please feel free to get in touch on +44(0) 207 723 7000.
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